Dashboard: Nigeria’s Leading Economic Indicators


The table below is a compilation of Nigeria’s latest leading economic indicators. It includes all the leading macro and micro economic data in Nigeria. The information is sourced from government agencies such as the National Bureau of Statistics, Central Bank, NNPC Etc.

This table is updated periodically by the Nairametrics team as information becomes available.

Leading economic indicators in Nigeria

Nigerian Leading Economic Indicators   Nairametrics Research ©  
GeneralLatestPreviousSourcePeriodFrequency
Inflation Rate18.55%18.48%NBSDec-16Monthly
GDP Growth Rate-2.24%-2.06%NBSJul - Sept 2016Quarterly
Unemployment Rate13.90%13.30%NBSJul - Sept 2016Quarterly
MPR14%14%CBNJan-17Monthly
Balance of Trade (N'billions)-104.50-484.70NBSJul - Sept 2016Quarterly
Government Debt to GDP17.12%Annually
GDPFrequency
GDP Growth Rate-2.24%Jan-Mar 2016Quarterly
GDP Annual Growth Rate2.79%NBSJan - Dec 2015Annually
GDP (N'trillion)95,177.7490,136.98NBSJan - Dec 2015Annually
GDP (N'trillion)NBSJul - Sept 2016Quarterly
Labour StatsFrequency
Unemployment Rate13.90%13.30%NBSJul-Sept 2016Quarterly
Underemployment Rate19.7%%19.30%NBSJul-Sept 2016Quarterly
Labour force80,669,19679,886,310NBSJul-Sept 2016Quarterly
Fully Employed Persons53,554,10953,626,608NBSJul-Sept 2016Quarterly
Underempoyed Persons15,916,79115,415,717NBSJul-Sept 2016Quarterly
Unemployed Persons11,198,29510,643,984NBSJul-Sept 2016Quarterly
Youth Unemployment Rate45.65%NBSJul-Sept 2016Quarterly
PricesFrequency
Inflation Rate18.55%18.48%NBSDec-16Monthly
Core Inflation Rate18.10%18.2%NBSDec-16Monthly
Food Inflation17.39%17.19%NBSDec-16Monthly
Inflation Rate MoM1.06%0.78%NBSDec-16Monthly
Monetary StatsFrequency
MPR14%14%CBNJan-17Monthly
Cash Reserve Ratio22.50%22.50%CBNJan-17Monthly
Liquidity Ratio30.00%30.00%CBNJan-17Monthly
Foreign Exchange Reserves ($'billion)28,121.0025,843.50CBNJan-17Monthly
Saving Deposit Rate4.18%4.28%CBNDec-16Monthly
Interbank Rate10.39%15.21%CBNDec-16Monthly
Prime Lending Rate17.09%17.06%CBNDec-16Monthly
Maximum Lending Rate28.55%28.53%CBNDec-16Monthly
TradeFrequency
Balance of Trade (N'billions)-104.50-484.70NBSJul - Sept 2016Quarterly
Exports (N' billion) 2,309 1,788 NBSJul - Sept 2016Quarterly
Imports (N'billion) 2,413 2,272 NBSJul - Sept 2016Quarterly
Crude Oil exports (N'billion) 1,944 1,486 NBSJul - Sept 2016Quarterly
Non- crude oil exports (N'billion)365303NBSJul - Sept 2016Quarterly
Crude Oil as a %age of exports84.19%83.11%NBSJul - Sept 2016Quarterly
Exports as a percentage of total trade48.90%44.04%NBSJul - Sept 2016Quarterly
Foreign Portfolio Investment (N'b)$920.32$337.30NBSJul - Sept 2016Quarterly
Foreign Direct Investment (N'b)$340.64$184.30NBSJul - Sept 2016Quarterly
Crude Oil Production (barrels)55,192,52849,528,922NNPCOct-16Monthly
Average daily crude oil production (barrels)1,780,4041,650,964NNPCMay-16Monthly
Power Generation (MW)3,2883,461NBSOct-16Monthly
Total Public Debt (N'trillion)16,297DMOJun-16Annually
External Debt (Trillion)$11.26DMODec-15Quarterly
GovernmentFrequency
Government Debt to GDP17.12%Dec-15Annually
Government Budget (N'billion)6,0784,493NASSJan - Dec 2016Annually
Budgeted Capital Expenditure (N'b)1,846557NASSJan - Dec 2016Annually
Budgeted Recurrent Expenditure (N'b)2,6492,607NASSJan - Dec 2016Annually
Budgeted Debt service (N'billion)1,475954NASSJan - Dec 2016Annually
Government Revenues (N'billion)827.2CBN MRJan - May 2016Quarterly
Government Expenditure (N'billion)1767.2CBN MRJan - May 2016Quarterly
Government Deficit (N'billion)-940CBN MRJan - May 2016Quarterly
Gross Federation Revenue (N' billion)2047.9CBN MRJan - May 2016Quarterly
Gross Oil Revenue (N'billion)1038.6CBN MRJan - May 2016Quarterly
Gross non-Oil Revenue (N' billion)1009.4CBN MRJan - May 2016Quarterly
Gross Tax Revenue (N'billion)808.6CBN MRJan - May 2016Quarterly
Business EdgeFrequency
Competitiveness Rank124127DBRJan - Dec 2016Annually
Corruption Rank136136DBRJan - Dec 2016Annually
Ease of Doing Business169170DBRJan - Dec 2017Annually
Starting a business (World)138137DBRJan - Dec 2016Annually
Manufacturing Pmi5246CBNDec-16Monthly
ConsumersFrequency
Household Cosumption - GDP (N'b)73,821.37NBSJan - Dec 2016Annually
Home remittances ($'millions)136.88CBNJan - May 2016Quarterly
Private Sector Credit (N'billion) 23,069.07 22,646.41CBNOct-16Monthly
Fuel Prices145Monthly
TaxesFrequency
Corporate Tax Rate30%Legislated
VAT5%Legislated
WHT5-10%Legislated
Education Tax2%Legislated
Capital Gains Tax10%Legislated
MarketsFrequency
Stock Market Cap - (N'bilion)9,619.9910,165.34NSEJul-16Monthly
Nairametrics Research ©

 

What others say about : Dashboard: Nigeria’s Leading Economic Indicators..


Anonymous

Hi guys,

Your GDP from manufacturing data is definitely wrong. I think that should be from Services.

Cheers,
Bayo

Anodebenze

Let us cereberate in Nigeria.LET US GIVE THIS PRESENT GOVT TIME,Their first budget was design for education and human development,which will take at least for one year for any programme to take,you can lead a horse to a stream to drink ,you cannot force the horse to drink,they are dealing with human being,old habits never died.this medium strategic economic plan announced a few weeks ago was designed to integrate the private sector into govt objective,through their dialogue.i have read in nairaland that the prices of a bag of onions have clashes by 100 %.once they see it,they will work through their dialogue for (1)Graduate employment and enterprenuers scheme (2) manufacturers (3) their economic plan for farmers have started to shown dividend,recent report have shown that they have directed the Bank of Agriculture to charge a single bank interest rate.
They plan to raises taxes through mobile phones for texts and talks.i am for it,because it will achieve atleast 3 objectives,not only about new revenue(!),it will introduces critical think for consumers and investors (2)controls the economy,even tame inflation, decisipline Nigerian economic habitit will help Nigerian consumer think harder,their is no national economy,that is totally free.e.t.c
Govt plans to also raises fund through bank transaction transfer,but I feel they can do better than that .Mr. Magu have said financial crime suspect, have avoided bank financial transfer,any Nigerian who wonders what I am talking about,should log into youtube about Mr James obori,the former governor of Delta State,you will see all corners in that house filled with foreign currency,where he tried to bribe Ribadu (the former head of effc) to about 11 million dollar stuffed in shopping bag.
Govt should also explode the possibility introducing road taxes for vehicle according to the powers of the vehicle,.local govt area can introduces parking fines for illegal packing or packing in exclusive area.

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